Reported by Angus Berwick The U.S. last year sanctioned a Moscow-based crypto exchange to stymie Russian efforts to evade the financial blockade imposed after the invasion of Ukraine. A year on, the exchange is booming. Despite its place on the U.S. blacklist, which restricts transactions with sanctioned entities, Garantex has become a major channel through which Russians move […]
Reported by Alan Rappeport On Thursday morning, the Group of 7 pledged to be tougher in enforcing measures it had taken to pressure Russia’s economy, saying it was “committed to countering any attempts to evade and undermine our sanction measures.” As part of that toughened approach, the United States imposed sanctions on two shipping companies […]
Reported by Chen Aizhu and Muyu Xu China has reaped savings this year of nearly $10 billion through record purchases of oil from countries under Western sanctions, according to Reuters’ calculations based on data from traders and shiptrackers. An unintended consequence of sanctions imposed by the United States and others on Russia, Iran and Venezuela […]
Reported by Johnny Harris Is your “Extra Virgin Olive Oil” a lie concocted by the Italian mafia? Olive oil has been adored by people for millennia. It’s like the perfect food, it’s healthy and delicious. But there is also a darker side to it, a side that involves widespread corruption and Italian Mafia bosses. Watch […]
Reported by Kelby Vera Caroline Ellison took the stand against former FTX billionaire and ex-boyfriend Sam Bankman-Fried in a New York court on Tuesday, offering damning testimony on the fifth day of his fraud trial. “Sam directed me to commit these crimes,” she said. He “directed us to take customer money to pay loans.” Ellison served as […]
Reported by Steven Stradbrooke Binance’s history of facilitating transactions with both Iran and Hamas will increase the exchange’s ‘crypto’ pariah status and doom any chance of negotiating a favorable legal settlement with U.S. authorities. The world is still struggling to grasp the full ramifications of last weekend’s surprise attack on Israel by the Hamas terror […]
Reported by Reuters The Palestinian group Hamas’s surprise assault on Israel Saturday and Israel’s retaliation have killed more than 1,100 people and focused attention on the Iran-backed Islamist group. U.S. Secretary of State Antony Blinken said on Sunday that Iran has not yet been able to spend a single dollar of the $6 billion in funds that […]
Reported by Summer Said, Benoit Faucon and Stephen Kalin Iranian security officials helped plan Hamas’s Saturday surprise attack on Israeland gave the green light for the assault at a meeting in Beirut last Monday, according to senior members of Hamas and Hezbollah, another Iran-backed militant group. Officers of Iran’s Islamic Revolutionary Guard Corps had worked with […]
Reported by Valeriya Safronova As people in much of the world flocked to see Greta Gerwig’s blockbuster film “Barbie” this summer, viewers in Russia were left out. At least officially. Along with other studios, Warner Bros., the producer of “Barbie,” stopped releasing movies in Russia shortly after Moscow launched its full-scale invasion of Ukraine in February […]
Reported by Richard Kemp Don’t imagine this is just an unprovoked, brutal attack by a bunch of terrorists from Gaza. It is much more than that. The hands that pushed these killers forward are in Moscow. US President Joe Biden and European leaders have long feared an escalation of the Ukraine war and that is […]
Financial Crime News Briefs 